#BTC_UPDATE (Market Update – 4H & 1D Chart) • Bitcoin is currently trading around 69.4K. • There is a descending trendline above that is continuously rejecting the price. • As long as this trendline is not broken, bearish pressure may remain in the market. Important Levels: 🔹 Resistance: ✨ 70.5K – 71K (trendline area) If this level breaks with a strong breakout, the next move could reach 72.5K – 74K. 🔹 Support: 👀 68K is the first support. 😎 If this support breaks, the price could quickly drop to 66K – 65K. Important Scenarios: 1️⃣ Bullish Scenario: If BTC breaks the trendline with strong volume, a short squeeze could occur and the price may move toward 72K+. 2️⃣ Bearish Scenario: If the price gets rejected again from the trendline, it may retest the 68K support. ✅ Overall: The market is currently in a decision zone. If a breakout occurs, a strong pump can happen; otherwise, rejection may lead to another downside test. 📊📉 $BTC
#BTC/USDT 1️⃣ Bitcoin is currently trading in a range between $65,000 and $71,900. Within this range, both bulls and bears are trying to gain control of the market. 2️⃣ According to the Liquidation Heatmap, there is a large amount of short positions liquidity around $71,800. 3️⃣ If the bulls break this liquidity, a strong short squeeze could occur in the market, which may push the price quickly toward $73,000 or even higher. 4️⃣ To invalidate the current bearish structure, Bitcoin needs a daily candle close above $75,000. 5️⃣ On the other hand, there is also a large amount of long positions liquidity around $65,000. 6️⃣ This means that before a major move, there is also a possibility of a downside liquidity flush. Summary: Bitcoin is currently ranging, and the price may first sweep liquidity either below $65,000 or above $71,800 before making a strong move. $BTC
$BTC #BTC/USDT During the futures open, the price swept the liquidity around 65k, while the weekly candle closed with a long upper wick. Normally, this is considered a bearish signal, but it is often seen that such wicks get mitigated at least up to 50%. Based on this, the price could move up to around 70.8k. At the moment, there are several important targets above the price, including the CME gap near 68.4k, multiple short-side liquidity clusters, and large volume liquidation levels. These levels could potentially act as short triggers. In the short term, the price may move upward and at least fill the CME gap (68.4k). After that, if the momentum continues, the price could rise further toward the 50% mitigation of the weekly wick (70.8k) and the liquidity present around that level. However, if the upward move fails to gain strength, the market may instead move downward to sweep the Previous Weekly Low.
$POWER whales are showing strong confidence right now. Most big wallets are in profit, with over $1M unrealized gains and a strong long dominance..... While some whales are still short and in loss, overall flow clearly favors buyers. Smart money positioning like this often hints at continued momentum if volume holds.
1. Don't rush the flat, let it play out. Based on my math, it may last another 1-2 weeks.
2. Although I think we will visit $78,000 - $82,000 area before a drop to $50,000, I'm not rushing into LONG positions. We will have our time.
3. The closer your purchases are to $64,000 - $65,000 support — the better. You either buy the support or the breakout. There is no point in buying the middle line.
4. I expect Altcoins to outperform Bitcoin on the next move up, so once the local up-trend is confirmed (breakout or at least compressing of $72,000) — I will focus on alt setups, not bitcoin.
5. Keep in mind that our final destination — $50,000 (not the absolute bottom, just the next target of the bearish cycle). If you want to catch every possible move, it is better to start building your SHORT in the Target Zone (low leverage only).
6. Invalidation of this setup — breakdown of the $64,000 support. If it happens, I will cut losses and switch my focus to SHORTs. $BTC